FII outflows and a weaker start to the morning trade at the domestic equity markets put further pressure on the rupee, while a decline in crude oil prices cushioned against a steeper decline, forex traders said
The Indian rupee depreciated by 6 paise, trading at 94.69 against the U.S. dollar in early trade. This decline was primarily attributed to sustained foreign institutional investor outflows and a subdued opening in domestic equity markets. However, a reduction in crude oil prices…
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